on inflation brushed aside
The Bank of Thailand (BOT) and the National Economic and
Social Development Board (NESDB) have brushed aside a suggestion by the
International Monetary Fund (IMF) that the country raise the target
inflation rate from zero to prevent possible deflation.
Previously, the IMF had projected the Thai economy would
continue to grow this year. However, it said the government should closely
supervise the economic development since the financial and business sectors
remained engulfed with non-performing loans.
Keeping the MICE flowing back
Even while MICE delegates flood back to Asia driven by
the simple need to make up for lost time and business, the region still has
a perception issue to deal with. At a panel discussion entitled “Facing
the MICE Challenge”, the panelists said the corporate meetings are back in
full force but incentive groups would take a few more years to recover.
Gruppo Italpromo general manager, Antonio Acunzo, said,
“After 9-11 the perceived safe places were South-east Asia, South America
and continental Europe. Then came the Bali bombing and SARS and in three
months the map changed.”
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